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Sentiment might take its cue from US equities’ ascent, given the tariff respite (extension to 09 July) on the EU bloc.

Expect another light session in equities, as fund managers are on their extended weekend break for the US Memorial Day holiday.

The PSEi slipped 0.81% w/w to 6,413.10 (-52.43pts), managing to reclaim the 6,400 level after briefly dipping below it during the week.

Participants may get feelers on the market’s overall response to Pres. Trump’s 50% tariff on all EU goods starting June, to gauge whether this would set the tone this week.

The PSEi fell -1.10% to 6,305.37, reflecting continued selling pressure.

Eyes are set on PBBM’s new cabinet team, following the revamp headline.

Continuation of prior session’s trend is seen as participants position in select oversold shares.

The PSEi closed at 6,335.33, marking a 1.85% decline.

Participants may adopt another feeler mode, to gauge if supply pressure would still be felt in select large-caps from prior session’s profit-taking (i.e., holding firms, banks).